FTSE 100 ends the day unchanged

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FTSE 100 Index

Last Updated at 23 Feb 2018, 16:36 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7244.41 -

Top winner and loser

BT Group

244.05 p +

International Consolidated Airlines Group SA (CDI)

587.20 p -
value change %

FTSE 250 Index

19801.05 +

FTSE 350 Index

4039.88 -

FTSE All Share Index

3991.50 -

FTSE Techmark Index

4409.24 -

(Close): After touching a 15-year peak on Wednesday morning, the FTSE 100 ended the trading day unchanged.

London's blue-chip index hit 6,921.3 at one point, but then fell back to close at 6,898.08.

The index's record closing high of 6,930.2 was reached in December 1999, while the record intra-day peak was 6,950.6.

Investor optimism that a solution to the Greek debt crisis could be found wore off as the day progressed.

However, a government official has confirmed that Greece will ask the eurozone for a six-month loan extension.

Hargreaves Lansdown was the top riser, up 3.4%, while shopping centre owner Intu Properties slipped almost 3.3% to be the top faller.

Tesco ended down 0.7% after the supermarket appointed John Allan, deputy chairman of electrical retailer Dixons Carphone and chairman of house builder Barratt Developments, as its new chairman.

Mr Allan will join the supermarket on 1 March.

After falling on Tuesday following the release of its annual results, shares in Intercontinental Hotels rebounded 2.1% after analysts at UBS and Jefferies increased their share price targets for the stock. The shares have risen by almost a fifth in the past 12 months.

The world's second-largest bottler of Coca-Cola drinks, Coca-Cola HBC, ended down 3% after its fourth-quarter net profits fell more than 11%.

Coca-Cola HBC's biggest market is Russia, but the economy there is struggling, partly because of Western sanctions over the crisis in Ukraine.

Strong labour market and earnings figures helped to boost the value of the pound. Sterling rose 0.5% against the dollar to $1.5431 and jumped 1.1% against the euro to €1.36.